Access ARM Pensions has posted a sharp rise in revenue in its first full financial year following the merger between Access Pensions and ARM Pensions. The results underscore the scale benefits and operational efficiencies already being unlocked by the combination of the two entities.

The Pension Fund Administrator grew gross revenue 50.4 per cent, rising to N42.4bn in the 2025 financial year from N28.2bn in 2024. Profit after tax also saw a significant jump, rising 48 per cent to N16.1bn from N10.9bn in the previous year.

Assets Under Management followed a similar upward trajectory, surpassing N4tn in 2025, up from approximately N3tn in 2024. This growth reinforces the company’s position as one of Nigeria’s largest PFAs.

Consequently, at the company’s Annual General Meeting held in Lagos, shareholders approved a dividend payout of N2 per share.

Speaking at the meeting, the Acting Managing Director and Chief Executive Officer, Abimbola Sulaiman, described 2025 as a defining year for the business.

“If you recall, FY2025 was our first full year post-merger. In 2024, ARM Pensions was part of the business for only about five months, so 2025 marked the first full year of consolidation,” Sulaiman said.

She noted that the company successfully extracted substantial operational synergies, particularly through cost optimisation, while simultaneously strengthening customer acquisition.

“The business is strong, the brand is strong, and we recorded gains in customer acquisition and assets under management. We are seeing strong double-digit growth, not only in line with the industry but ahead of it, largely because of the value capture achieved from the merger,” she added.

Sulaiman emphasised that the company expects even stronger performance over the medium term as integration benefits continue to mature across operations and revenue channels.

“Mergers and acquisitions typically take between one and three years before full integration benefits are realised. We are therefore optimistic about the growth trajectory ahead,” she stated.

Addressing new regulatory capital requirements, Sulaiman expressed confidence that the firm would meet the new thresholds internally without diluting existing shareholders, affirming, “The fact that we are able to pay dividends while still working towards meeting the new minimum capital requirement demonstrates our confidence. We will meet the requirement before the deadline and will not require any external capital injection to do so.”

The performance was well-received by investors. Obinna Anyanwu, a shareholder present at the meeting, described the commitment to returns as a “positive sign” for the investment community.

“We are beginning to reap the benefits of the merger with ARM Pensions. Based on the performance presented today, we are optimistic that the company will continue to build on and consolidate these gains,” Anyanwu noted.

He concluded by praising the management team, adding, “The quality of leadership within the organisation gives us confidence. We believe the company will perform even better in the years ahead.”